Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at the likelihood of high inflation ahead.
Precious Metals:
Arkadiusz Sieroń: US Government Stimulus Went Wrong. How Will Gold React?
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This piece has an interesting observation on the prospects for platinum: Money & Markets: Don’t feel the FOMO; just wait for the next big thing.
Economy & Finance:
At The Daily Wire: POLL: 86% Of Workers Don’t Want To Return To Office Full-Time.
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Alan sent us this report: Americans face mounting risk of hackers taking over brokerage accounts, regulators say.
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At Zero Hedge: “We Took Out The June 2007 Highs”: Morgan Stanley’s Sell Signal Just Hit An All Time High.
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The Fed’s Reverse Repo Madness.
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All of the recent wrangling in Washington D.C. about adding another $1.25 Trillion to $2 Trillion in “infrastructure” spending triggered a memory. Here is an excerpt from Chapter 1 of my first novel Patriots, that I drafted in 1991, and that first went into print in paperback in 1998:
“The president didn’t let trifles like ledger sheets and statistics get in his way. The economy was on a roll; the stock market was at an all-time high. It was business as usual for his scandal-ridden administration. Instead of reducing the growth in government spending, he launched an immoderate bank lending and stimulus package and another extravagant round of his pet ‘infrastructure building’ and ‘inner city empowerment’ programs.”
I don’t claim to be any sort of prophet, but sometimes life humorously imitates art.
Commodities:
H.L. sent us this: Visualizing 50 Years of Global Steel Production.
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WorldNetDaily reports: Lumber prices slump as historic boom hits a wall.
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Livestock Owners Face Tough Choices Amid Water Shortages, California Farm Bureau Reports.
Inflation Watch:
Bloomberg: Building a Home in the U.S. Has Never Been More Expensive.
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Why Consumer Price Inflation Is Here To Stay.
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Inflation Nation: Labor Costs Soaring Twice as Fast as Previously Thought.
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“People Are Panicking Now” – Container Ship Charter Rates “Have Gone Out Of Control”
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This was posted back in March: Lots of New Money, But Still-Low Inflation. What Gives? JWR’s Comments: The Fed’s official prediction of “brief” 2.5% inflation is ludicrous. The U.S. Treasury and the Federal Reserve banking cartel have conspired to double the money supply in just over two years. This will prove to be inflationary. Wildly inflationary.
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Get ready for inflation – Are you prepared?
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China Launches Price Controls After Red Hot Inflation, Highest PPI Since Lehman Collapse
Forex & Cryptos:
Inflation Could Kill Our Currency.
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Forex Forecast: Pairs in Focus
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Square chief Dorsey mulls pocket wallet for bitcoin.
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“Shot Heard Around The World” – El Salvador President Pushes Bill To Adopt Bitcoin As Legal Tender.
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Bank of England holds verdict on digital pound dubbed ‘Britcoin’.
Tangibles Investing:
Surging U.S. crop prices reverse fortunes in rural Iowa.
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Texas rural land market ‘explosion’ brings record high prices.
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Reuters: Surging U.S. crop prices reverse fortunes in rural Iowa.
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Meanwhile, down in Oz: Price of farmland soars in every Australian state and territory in 2020, report finds.
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.
News Tips:
Please send your economics and investing news tips to JWR. (Either via e-mail or via our Contact form.) These are often especially relevant because they come from folks who closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News items from local news outlets that are missed by the news wire services are especially appreciated. And it need not be only about commodities and precious metals. Thanks!